Posted on 01/11/2026 4:55:29 PM PST by rdl6989
Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, The New York Times reported on Sunday evening, citing officials briefed on the matter.
The probe is eyeing “the central bank’s renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project,” the Times reported, citing those officials.
The investigation is being overseen by the U.S. Attorney’s Office for the District of Columbia, according to the newspaper. That office is led by U.S. Attorney Jeanine Pirro, a former New York state prosecutor and Fox News host, who was appointed to that job by President Donald Trump.
(Excerpt) Read more at cnbc.com ...
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The title of the article changed right after I posted it.
“”” That office is led by U.S. Attorney Jeanine Pirro,”””
Might as well plead guilty and get it over with.
Sharing a cell with Tim Walz. Shooting hoops in the prison yard with Adam Schiff, Gavin Newsom and Jacob Frey. Ilhan Omar and Hillary Clinton grumbling about food in the women’s prison.
Dream
by Johnny Mercer
So, dream when the day is through
Dream and they might come true.
Things never are as bad as they seem.
So dream, dream, dream.
Powell’s term is up in May. Poor political move to go after him criminally.
Agree.
It you break the law, you’re going to get prosecuted. Simple as that.
Maybe Powell is less of the target, and the fed itself is
Gold and silver are reaching new records. Attacking the Fed reduces appeal of the US dollar.
One wonders what will happen to prosecutorial discretion once AI does the bulk of investigations and draws up most of the charges. One need not pick and choose as much with that kind of automation available.
Maybe trying to encourage Powell to leave early?
The guy should have resigned months ago and saved himself (and the country) a lot of headaches.
Come on, we are friends here, we know he didn’t break any law. It is obviously a pretext to punish him for keeping rates high. This is really dumb and looks bad.
https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
—
January 11, 2026
Statement from Federal Reserve Chair Jerome H. Powell
Chair Jerome H. Powell
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress’s oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
Thank you.
Until we can use grand juries in the United States these things are futile.
This is hilarious.
The only thing people do on this board is bitch and moan that Trump, Bondi, and Patel have failed to prosecute anyone.
As soon as Trump, Bondi, and Patel attempt to prosecute someone, this board says, “DON’T GO AFTER PEOPLE CRIMINALLY!”
What a world!
There is a Dean look for everything. Well done.
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